Voestalpine AG (OTCMKTS:VLPNY) Stock Short Interest Falls 88.3%

Voestalpine AG (OTCMKTS:VLPNY) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 335 shares, a decrease of 88.3% from the August 31st total of 2,869 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

VLPNY has been the topic of a number of recent analyst reports. Zacks Research downgraded Voestalpine from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Down 1.3%

VLPNY opened at $10.15 on Friday. Voestalpine has a 52-week low of $6.62 and a 52-week high of $11.78. The company has a quick ratio of 0.54, a current ratio of 1.41 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $8.70 billion, a P/E ratio of 14.50 and a beta of 1.44. The firm’s 50 day moving average is $10.30 and its 200-day moving average is $10.04.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Analysts expect that Voestalpine will post 0.83 EPS for the current fiscal year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.